IREN Posts First Full-Year Profit on AI Cloud Growth, Mining Expansion; Shares Climb

Bitcoin (BTC) miner IREN (IREN) posted its first full-year profit as the company founded in 2018 expanded into AI cloud computing and ramped up production capacity with more efficient rigs. The stock climbed in pre-market trading.

Net income in the year ended June 30 rose to $86.9 million from a…

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